NYSE:GVA

Granite Construction - GVA Stock Forecast, Price & News

$31.54

-0.01 (-0.03%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $31.25
▼
$31.90
50-Day Range: $28.17
▼
$32.62
52-Week Range: $27.84
▼
$43.98

Volume: 448,600 shs
Average Volume: 391,799 shs
Market Capitalization: $1.39 billion

P/E Ratio: 57.35
Dividend Yield: 1.65%
Price Target: $50.00

Granite Construction MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 58.5% Upside
$50.00 Price Target
Short Interest: Bearish
10.78% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 65.56%
From $1.80 to $2.98 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 out of 5 stars

Construction Sector

49th out of 106 stocks

Heavy Construction, Except Building Construction - Contractors Industry

4th out of 8 stocks

3.5

Analyst's Opinion

Consensus Rating
Granite Construction has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $50.00, Granite Construction has a forecasted upside of 58.5% from its current price of $31.54.
Amount of Analyst Coverage
Granite Construction has received no research coverage in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
10.78% of the float of Granite Construction has been sold short.
Short Interest Ratio / Days to Cover
Granite Construction has a short interest ratio ("days to cover") of 12.3, which indicates bearish sentiment.
Change versus previous month
Short interest in Granite Construction has recently increased by 1.68%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Granite Construction pays a meaningful dividend of 1.65%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Granite Construction does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Granite Construction is 94.55%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Granite Construction will have a dividend payout ratio of 17.45% next year. This indicates that Granite Construction will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GVA.

1.1

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Granite Construction this week, compared to 1 article on an average week.
Search Interest
3 people have searched for GVA on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
5 people have added Granite Construction to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Granite Construction insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.45% of the stock of Granite Construction is held by insiders.
Percentage Held by Institutions
96.64% of the stock of Granite Construction is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Granite Construction are expected to grow by 65.56% in the coming year, from $1.80 to $2.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Granite Construction is 57.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of Granite Construction is 57.35, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 13.30.
Price to Book Value per Share Ratio
Granite Construction has a P/B Ratio of 1.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Granite Construction (NYSE:GVA) Stock

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. It operates through two segments, Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.

Granite Construction Stock Performance

Shares of Granite Construction stock traded up $0.16 during trading hours on Monday, reaching $31.71. The company had a trading volume of 16,085 shares, compared to its average volume of 391,430. Granite Construction has a one year low of $27.84 and a one year high of $43.98. The business has a fifty day simple moving average of $29.78 and a 200 day simple moving average of $31.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.60 and a quick ratio of 1.52. The firm has a market cap of $1.40 billion, a PE ratio of 57.36 and a beta of 1.34.

Granite Construction Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, June 29th. This represents a $0.52 dividend on an annualized basis and a yield of 1.64%. Granite Construction's dividend payout ratio is presently 94.55%.

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GVA Stock News Headlines

August 12, 2022 | fool.com

Granite Construction (NYSE: GVA)

August 3, 2022 | americanbankingnews.com

Brokers Issue Forecasts for Granite Construction Incorporated's Q3 2022 Earnings (NYSE:GVA)

July 28, 2022 | seekingalpha.com

Granite Construction Incorporated's (GVA) CEO Kyle Larkin on Q2 2022 Results - Earnings Call Transcript

July 28, 2022 | nasdaq.com

Shareholders in Granite Construction (NYSE:GVA) are in the red if they invested five years ago

July 28, 2022 | finance.yahoo.com

Granite Reports Second Quarter 2022 Results

July 26, 2022 | apnews.com

Granite Secures $40 Million Project on State Highway 288 Including New Overpass in Houston, Texas

July 6, 2022 | finance.yahoo.com

Granite Selected for $55 Million in Improvements to Major Alaskan Roadway

June 30, 2022 | finance.yahoo.com

Granite Wins Recognition for Early Talent Engagement

June 28, 2022 | finance.yahoo.com

Granite Construction (NYSE:GVA) Will Pay A Dividend Of US$0.13

June 24, 2022 | finance.yahoo.com

Does Granite Construction (NYSE:GVA) Have A Healthy Balance Sheet?

June 24, 2022 | finance.yahoo.com

Primoris' (PRIM) $260M Solar Deal to Aid Energy/Renewables Arm

June 16, 2022 | seekingalpha.com

Granite Construction bags $38M contracts for I-5 rehabilitation, improvements

June 16, 2022 | seekingalpha.com

Granite Construction subsidiary Centennial Asphalt purchases Liquid Asphalt terminal

June 15, 2022 | finance.yahoo.com

Centennial Asphalt Company Acquires Liquid Asphalt Terminal in Bakersfield

June 13, 2022 | seekingalpha.com

Granite bags $13M paving and grinding contract of Richardson Highway, Alaska

June 10, 2022 | marketwatch.com

Granite Slab Market Moves To The Next Stage By 2028

June 8, 2022 | finance.yahoo.com

Granite to Restore Calabazas Creek Near Cupertino

May 31, 2022 | finance.yahoo.com

Nevada Mining Association Launches 7th Annual ‘Hope for Heat’ Campaign Benefiting Boys & Girls Clubs Statewide

May 31, 2022 | seekingalpha.com

Granite Construction Is A Good Buy At The Current Levels

May 27, 2022 | benzinga.com

Granite Construction (NYSE:GVA), Short Interest Report

May 25, 2022 | finance.yahoo.com

At US$32.00, Is Granite Construction Incorporated (NYSE:GVA) Worth Looking At Closely?

May 13, 2022 | finance.yahoo.com

Granite Construction (GVA) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

May 10, 2022 | finance.yahoo.com

Granite Construction Incorporated's (NYSE:GVA) Dismal Stock Performance Reflects Weak Fundamentals

May 9, 2022 | finance.yahoo.com

Granite Publishes Annual Sustainability Report Reflecting on 100-Year History

May 5, 2022 | finance.yahoo.com

Granite Wins More Work in Guam with $36 Million Navy Contract

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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GVA Company Calendar

Last Earnings: 10/28/2021
Ex-Dividend for 7/15 Dividend: 6/29/2022
Dividend Payable: 7/15/2022
Today: 8/16/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Heavy construction, except building construction - contractors
Sub-Industry: Construction & Engineering
Sector: Construction
Current Symbol: NYSE:GVA
CUSIP: 38732810
CIK: 861459
Web: www.graniteconstruction.com
Phone: (831) 724-1011
Fax: 831-761-7871
Employees: 3,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $50.00
High Stock Price Forecast: $50.00
Low Stock Price Forecast: $50.00
Forecasted Upside/Downside: +58.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.55
Trailing P/E Ratio: 57.35
Forward P/E Ratio: 17.52
P/E Growth: N/A
Net Income: $10.10 million
Net Margins: 0.85%
Pretax Margin: 0.63%
Return on Equity: 5.06%
Return on Assets: 2.04%

Debt

Debt-to-Equity Ratio: 0.31
Current Ratio: 1.60
Quick Ratio: 1.52

Sales & Book Value

Annual Sales: $3.01 billion
Price / Sales: 0.46
Cash Flow: $4.40 per share
Price / Cash Flow: 7.17
Book Value: $21.73 per share
Price / Book: 1.45

Miscellaneous

Outstanding Shares: 44,085,000
Free Float: 43,887,000
Market Cap: $1.39 billion
Optionable: Optionable
Beta: 1.34

Key Executives

Mr. Kyle T. Larkin (Age 50)
Pres, CEO & Director
Comp: $923.59k
Ms. Elizabeth Lisa Curtis (Age 55)
Exec. VP & CFO
Comp: $516.07k
Mr. James A. Radich (Age 63)
Exec. VP & COO
Comp: $545.36k
Mr. Brian A. Dowd (Age 58)
Sr. VP & California Group Mang.
Comp: $587.66k
Mr. Michael G. Tatusko (Age 57)
Sr. VP & Mountain Group Mang.
Comp: $828.71k
Ms. Staci M. Woolsey (Age 45)
Chief Accounting Officer
Mr. M. Craig Hall
Sr. VP, Gen. Counsel, Corp. Compliance Officer & Sec.
Ms. Erin Kuhlman
Sr. VP and Chief Marketing & Communications Officer
Mr. Tim Gruber
Sr. VP of HR
Mr. James Hildebrand Roberts (Age 65)
Chief Exec. Officer Emeritus

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GVA Stock - Frequently Asked Questions

Should I buy or sell Granite Construction stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" GVA shares.
View GVA analyst ratings or view top-rated stocks.
What is Granite Construction's stock price forecast for 2022?: 1 brokers have issued 12-month price objectives for Granite Construction's shares. Their GVA share price forecasts range from $50.00 to $50.00. On average, they expect the company's stock price to reach $50.00 in the next twelve months. This suggests a possible upside of 58.5% from the stock's current price.
View analysts price targets for GVA or view top-rated stocks among Wall Street analysts.
How have GVA shares performed in 2022?: Granite Construction's stock was trading at $38.70 at the beginning of the year. Since then, GVA stock has decreased by 18.5% and is now trading at $31.54.
View the best growth stocks for 2022 here.
When is Granite Construction's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our GVA earnings forecast.
How were Granite Construction's earnings last quarter?: Granite Construction Incorporated (NYSE:GVA) announced its earnings results on Thursday, October, 28th. The construction company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.82 by $0.09. The construction company had revenue of $1.06 billion for the quarter. Granite Construction had a net margin of 0.85% and a trailing twelve-month return on equity of 5.06%. During the same period last year, the firm earned $0.90 earnings per share.
How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?: Granite Construction declared a quarterly dividend on Thursday, June 9th. Investors of record on Thursday, June 30th will be paid a dividend of $0.13 per share on Friday, July 15th. This represents a $0.52 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, June 29th.
Read our dividend analysis for GVA.
Is Granite Construction a good dividend stock?: Granite Construction (NYSE:GVA) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.65%. The dividend payout ratio is 94.55%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GVA will have a dividend payout ratio of 17.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GVA.

What is Kyle T. Larkin's approval rating as Granite Construction's CEO?: 4 employees have rated Granite Construction Chief Executive Officer Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among the company's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Granite Construction own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival Co. & (CCL).
What is Granite Construction's stock symbol?: Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."
Who are Granite Construction's major shareholders?: Granite Construction's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (4.95%), William Blair Investment Management LLC (2.31%), Franklin Resources Inc. (2.02%), Bernzott Capital Advisors (1.74%), Northern Trust Corp (1.17%) and Personal Capital Advisors Corp (0.93%). Insiders that own company stock include Claes Bjork, Desai Jigisha, James Hildebrand Roberts, Kyle T Larkin and Patricia D Galloway.
View institutional ownership trends.
How do I buy shares of Granite Construction?: Shares of GVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Granite Construction's stock price today?: One share of GVA stock can currently be purchased for approximately $31.54.
How much money does Granite Construction make?: Granite Construction (NYSE:GVA) has a market capitalization of $1.39 billion and generates $3.01 billion in revenue each year. The construction company earns $10.10 million in net income (profit) each year or $0.55 on an earnings per share basis.
How many employees does Granite Construction have?: The company employs 3,300 workers across the globe.
How can I contact Granite Construction?: Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The official website for the company is www.graniteconstruction.com. The construction company can be reached via phone at (831) 724-1011, via email at ronald.botoff@gcinc.com, or via fax at 831-761-7871.

This page (NYSE:GVA) was last updated on 8/16/2022 by MarketBeat.com Staff

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Granite Construction - GVA Stock Forecast, Price & News

Granite Construction MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month